ChainCatcher reported that Julien Bittel, Head of Macro Research at financial advisory publication Global Macro Investor, posted on X: “This year's Bitcoin price structure is starting to look eerily similar to 2019. Bitcoin has been consolidating, and interestingly, like 2019, this consolidation has lasted for 175 days (so far).

We're now approaching a critical juncture where significant developments could occur, making next week very interesting to watch. As we reach this potential inflection point, all eyes are on how Bitcoin reacts – will it follow the 2019 script or deviate? Let's wait and see. If the current market trend continues, we might see some substantial upward momentum.”